Study: Creating Nonprofit Municipal Utility for San Diego Could Cost $9 Billion and Raise Rates ...Middle East

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An SDG&E crew works on a power pole. Photo courtesy of the company San Diego Gas & Electric released a consultant’s study Wednesday that estimated acquiring the company’s electric system and establishing a new municipal utility would cost San Diego residents as much as $9.3 billion and raise rates. The study by Massachusetts-based Concentric Energy Advisors estimated it would cost $3.95 billion to $4.37 billion to purchase SDG&E’s assets in San Diego, another $3.16 billion to $4.16 billion to separate the system from the rest of the county, and $300 million to $800 million to set up a municipal utility. Scott Crider, SDG&E’s senior vice president of external and operations support,

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